QUOTE AND NEWS
Cloud Computing  Apr 14  Comment 
Axway (NYSE Euronext : AXW.PA), leader du marché de la gouvernance des flux de données, conforte sa position d’acteur majeur de l’industrie du logiciel et maintient sa position dans le Top 5 des éditeurs français de ...
Cloud Computing  Apr 7  Comment 
INSIDE Secure (NYSE Euronext : INSD), acteur majeur des solutions de sécurité embarquées pour les appareils mobiles et connectés, annonce ce jour avoir fait l’acquisition de la société Metaforic, leader dans le ...
DailyFinance  Mar 31  Comment 
Regulatory News: Eutelsat Communications (Paris:ETL) (NYSE Euronext Paris: ETL) today announced that its satellites will be a core component of the broadcast infrastructure mobilised to deliver live worldwide coverage of...
Mondo Visione  Mar 31  Comment 
Aquis Exchange, the subscriptions-based European equities exchange*, today announced that it has appointed David Attew as its new head of regulation. He joins from NYSE Euronext’s SmartPool**. David replaces Jennifer Wood, who is expected to...
Cloud Computing  Mar 26  Comment 
Für Gassco, Anbieter eines integrierten Systems für den Transport von Erdgas vom norwegischen Festland in andere Länder Europas, ist der 24/7-Austausch von Daten hinsichtlich der Abnahme und des Verkaufs von Erdgas...
Cloud Computing  Mar 26  Comment 
Citing the critical 24/7 need to send and receive data from gas buyers and sellers, Gassco, a company providing an integrated system for transporting natural gas from the Norwegian continental shelf to European countries,...
Yahoo  Mar 11  Comment 
Trade on the NYSE Euronext pan-European stock market was suspended for nearly an hour on Tuesday because of a technical problem that forced traders to place orders offline. NYSE Euronext declined to comment on the incident. In 2011, NYSE Euronext...
The Economic Times  Feb 27  Comment 
Matsumoto, who started in his new job on Monday, replaces Amy Engel, who had been with the company for 6 years before stepping down earlier this month.
Reuters  Jan 22  Comment 
Pan-European financial market operator Euronext aims to get regulators' backing for its spin-off from NYSE Euronext this or next month, its CEO said on Wednesday.
Yahoo  Jan 15  Comment 
NYSE Euronext offered on Wednesday to take over the data processor at the center of the massive Nasdaq trading outage last August after Nasdaq OMX Group Inc (NDAQ) indicated it would stop running it. NYSE Euronext "would be happy to" run the...




 

NYSE Euronext is an American corporation that owns and manages several stock exchanges, including the NYSE, Euronext (Europe), and NYSE Arca (formerly Archipelago). The company's revenue is generated through the number of listings (companies on the exchange) and the number of trades executed.

The NYSE is the largest exchange in the world; it has nearly twice the transaction volume as NASDAQ, it's main competitor, and approximately four times the combined market capitalization of its listed companies. However, its competitors have begun to take over its trading market share as they develop new trading technologies. NYX has begun to implement new technology platforms, such as a virtual trading platform and taking its derivatives trading in-house. In addition, NYX is affected by a number of macro-economic trends because they have a direct effect on the number of listings and trades executed, such as the overall financial health of the U.S. economy. Rather than waiting for organic growth, NYX has been aggressively investing in and acquiring other stock exchanges around the world.

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Trends and Forces

Aggressive global exchange investment and acquisition strategy

NYX has actively pursued acquisitions and mergers and has invested in and partnered with the National Stock Exchange of India and the Tokyo Stock Exchange. Its landmark merger with Euronext made it the first company to attempt a 21-hour trading day. Furthermore, it gave the company to have access to European trading markets and to international firms that would rather become listed in Europe, rather than the U.S. They have also pursued agreements with European exchanges in the hope of expanding the company's reach.

The American stock exchange market is highly competitive and NYSE Euronext is pursuing an aggressive strategy of mergers, acquisitions, and strategic partnerships in order to continue to increase its domestic and international presence.

Impact of Government Regulation

Stricter regulatory environment

The Sarbanes-Oxley Act of 2002 imposes a strict set of regulations on companies listed on American exchanges. These regulations include independent auditing, frequent reporting, and changes to corporate governance[1]. The funding required to follow all regulations may not be available to all international companies. This, combined with the perception of rampant litigation in the United States deters many foreign firms from filing with an American exchange.

U.S. Economic Cycles

NYSE-Euronext is very susceptible to the downturns and upswings of the U.S. and global economies. Although it is concentrated in the U.S. and the U.K., it's global investments across countries like Qatar, Japan, and India, have made it globally diversified. A weak economy means that initial public offerings, or new listings, are less likely to occur. In addition, trading activities tend to increase during period of economic decline.[2]

Acquisition strategy for growth

Rather than attempt to grow only organically, meaning to increase the number of IPOs that occur on its exchanges, NYSE Euronext has pushed to acquire a number of competitors. This includes the acquisition of Deutsche Boerse AG. Each of the group's national exchanges, including those in Amsterdam, Brussels, and Lisbon, will keep its name in its local market and all exchanges will continue to operate under local regulatory frameworks and supervision. This strategy allows NYSE Euronext to save money through scaled technologies. However, it also increase the complexity as the company must work to adhere to the various regulations that each region or country has in place.

Competition

NYSE Euronext faces fierce competition from both within and outside the United States. While its merger with Euronext has helped offset some of the decrease in the rate of increase of new listings, it must now compete with other local stock exchanges on an international level.

Locally, NYSE Euronext faces increased competition from Nasdaq Stock Market (NDAQ) as it purchases privately-held exchanges such as the Boston Stock Exchange and the Philadelphia Stock Exchange (both privately held) in order to diversify its product portfolio.

References

  1. Sarbanes-Oxley Act of 2002 Section 201
  2. Stockhouse, "NYSE Euronext Announces Trading Volumes for July 2009," 08/07/2009
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